Union Pacific Chairman, President and CEO Lance Fritz on Aug. 5 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion
Broe Group transportation affiliate OmniTRAX has named Class I veteran Ryan Higgins as Chief Commercial Officer, replacing Peter Touesnard, who is retiring at year-end.
CN President and CEO JJ Ruest on Aug. 9 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at key
Norfolk Southern Chairman, President and CEO Jim Squires on Aug. 6 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion
Canadian Pacific President and CEO Keith Creel on Aug. 6 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at
The Surface Transportation Board decided on Aug. 4, 2021 that the annual cost of capital for the railroad industry was 7.89% for 2020. This figure represents the Board’s Office of Economics estimate of the average rate of return needed to persuade investors to provide capital to the freight rail industry.
August 10, 2021, 1:30 PM EDT: More than likely anticipating that the Surface Transportation Board will reject the CN/Kansas City Southern voting trust, and soon—prior to the Aug. 19 KCS shareholder vote to approve or reject CN’s $325 per-share offer to acquire KCS—Canadian Pacific has submitted a US$300 per-share offer to KCS that consists of $90 in cash plus shares.
Illinois Democratic Gov. J.B. Pritzker on Aug. 6 signed HB0399, a bill authorizing the formation of the Illinois High-Speed Railway Commission, which will be responsible for creating a statewide plan for a high-speed line and feeder network connecting Chicago to St. Louis.
Ondas Holdings Inc. (Ondas), a developer of proprietary, software-based wireless broadband technology, has acquired American Robotics, Inc., a developer of highly automated commercial drone systems and the first company approved by the Federal Aviation Administration (FAA) to operate its drones beyond-visual-line-of-sight (BVLOS) without an on-site human operator.
Wabtec on Aug. 6 celebrated modernizing its 1,000th locomotive in North and South America with delivery to Norfolk Southern (NS) of AC44C6M 4463, a rebuilt 1998-vintage GE Dash-9.